Rental market data · 2024 Census estimates

Pittsburgh, PA rental yield and cash flow

In the Pittsburgh, PA metro, the median owner-occupied home was valued at $230,300 and the median gross rent was $1,083 a month in 2024. That is a gross rent yield of 5.64%, rank 13 of the 100 largest metros we track.

$230,300Median home value (±$2,744)

$1,083Median gross rent / mo (±$17)

5.64%Gross rent yield

17.7Price-to-rent ratio

1.21%Median taxes ÷ median value

29%Renter-occupied homes

0.47%Monthly rent ÷ price (1% rule)

2.43MMetro population

Does the median home cash flow at today's rate?

We priced a hypothetical rental at the metro medians: $230,300 purchase, $1,083 rent, 25% down, a 30-year loan at 7.28% (Freddie Mac's 30-year average for the week of October 1, 2026), $2,778 in annual property taxes, insurance at 0.5% of price, and 5% vacancy, 10% repairs and 8% management.

At these assumptions the median-priced home runs about $675 a month short of covering its costs (DSCR 0.43). Rent would need to reach about $1,960, 81% above the median, to break even, or the price would need to be near $88,183 for a 1.25 DSCR. Net operating income is about $6,077 a year, a 2.64% cap rate, against $14,182 of annual debt service.

Investment-property loans usually price above the owner-occupant average this survey reports, and your insurance quote, tax bill and rent will differ from a metro median. Change any input below.

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How Pittsburgh compares

Metros with the nearest gross yields among the 100 we track. * Cash flow uses the same assumptions as above.

Rank	Metro	Median value	Median rent	Gross yield	Price-to-rent	Cash flow / mo*
10	Augusta, GA-SC	$262,100	$1,243	5.69%	17.6	-$623
11	Cape Coral, FL	$396,500	$1,871	5.66%	17.7	-$1,017
12	New Orleans, LA	$267,900	$1,262	5.65%	17.7	-$651
13	Pittsburgh, PA	$230,300	$1,083	5.64%	17.7	-$675
14	Memphis, TN-MS-AR	$282,900	$1,330	5.64%	17.7	-$704
15	San Antonio, TX	$304,800	$1,422	5.60%	17.9	-$955
16	Columbia, SC	$270,400	$1,257	5.58%	17.9	-$643

What these numbers leave out

Census gross rent includes utilities when the tenant pays them, so it can overstate what a landlord collects. Median value describes owner-occupied homes, not the rental stock, and a metro median hides wide neighborhood differences. Treat this page as a screen, then underwrite the specific property.

Sources

U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25064 (median gross rent)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25077 (median value, owner-occupied housing units)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25103 (median real estate taxes paid)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B25003 (housing tenure)
U.S. Census Bureau, 2024 American Community Survey 1-year estimates, table B01003 (total population)
Freddie Mac Primary Mortgage Market Survey (30-year fixed average, week of October 1, 2026)

Data snapshot October 7, 2026. Methodology: all metros.